Laxman Narasimhan, an Indian-born executive, has been selected as Starbucks' new CEO. Narasimhan, the CEO of the health and hygiene business Reckitt, will join Starbucks in october and succeed the venerable Howard Shultz as its interim CEO in April. Narasimhan joins the expanding list of CEOs of major US corporations who are of indian heritage, including raj Subramaniam of FedEx, Shantanu Narayen of Adobe, Sundar Pichai of Alphabet, satya Nadella of Microsoft, and Punit Renjen of Deloitte. indra Nooyi of PepsiCo and ajay Banga of Mastercard are two notable ex-Desi CEOs.
The incoming Starbucks CEO earned a mechanical engineering degree from the university of pune before moving to the west and earning an MBA in finance from The Wharton school of The university of pennsylvania and a master's degree in German and international studies from The Lauder Institute at The university of Pennsylvania.
"Starbucks' dedication to improving mankind through connection and compassion has long set the company apart, helping to create an unmatched, widely admired brand that has changed the way people interact over coffee. Narasimhan said, "I look forward to working closely with Howard, the Board, and the entire leadership team — and to listening and learning from Starbucks partners — as we collectively build on this work to lead the company. I am humbled to be joining this iconic company at such a pivotal time, as the reinvention and investments in the partner and customer experiences position us to meet the changing demands we face today and set us up for an even stronger future."
The incoming Starbucks CEO earned a mechanical engineering degree from the university of pune before moving to the west and earning an MBA in finance from The Wharton school of The university of pennsylvania and a master's degree in German and international studies from The Lauder Institute at The university of Pennsylvania.
"Starbucks' dedication to improving mankind through connection and compassion has long set the company apart, helping to create an unmatched, widely admired brand that has changed the way people interact over coffee. Narasimhan said, "I look forward to working closely with Howard, the Board, and the entire leadership team — and to listening and learning from Starbucks partners — as we collectively build on this work to lead the company. I am humbled to be joining this iconic company at such a pivotal time, as the reinvention and investments in the partner and customer experiences position us to meet the changing demands we face today and set us up for an even stronger future."
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